4//SEC Filing
Newberry Darren C 4
Accession 0001170010-22-000049
CIK 0001170010other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 6:25 PM ET
Size
7.1 KB
Accession
0001170010-22-000049
Insider Transaction Report
Form 4
CARMAX INCKMX
Transactions
- Award
Stock Options (Right to Buy)
2022-05-02+26,866→ 26,866 totalExercise: $91.14Exp: 2029-05-02→ Common Stock (26,866 underlying) - Tax Payment
Common Stock
2022-05-01$85.78/sh−1,330$114,087→ 12,000 total
Footnotes (2)
- [F1]The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options.
- [F2]The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 2, 2023, May 2, 2024, May 2, 2025 and May 2, 2026.
Documents
Issuer
CARMAX INC
CIK 0001170010
Entity typeother
Related Parties
1- filerCIK 0001721939
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 6:25 PM ET
- Size
- 7.1 KB